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Stock Market & Financial Investment News

News Breaks
June 10, 2014
06:04 EDTBEAVBE Aerospace announces plans to create two separate companies
B/E Aerospace announced that the company’s board has commenced a process to separate its industry-leading businesses into two independent, publicly traded companies — one focused on aircraft cabin interior equipment and the other focused on distribution, logistics and technical services for the aerospace and energy services markets. The company said that the board and management are continuing to review and aggressively pursue its strategic alternatives to enhance value to shareholders. On a pro-forma basis, Services Co. had revenues of approximately $1.6B and EBITDA of approximately $365M for the trailing 12 months ending March 31. Manufacturing Co. had revenues of approximately $2.5B and EBITDA of approximately $510M for the trailing 12 months ending March 31. The company expects that the separation of its businesses, if consummated, would take place in the first quarter of 2015. The company has retained Citigroup as its financial advisor and Shearman & Sterling LLP as its legal advisor in connection with this process.
News For BEAV From The Last 14 Days
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January 29, 2015
05:46 EDTBEAVBE Aerospace sees FY15 EPS about $3.00, consensus $3.13
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05:46 EDTBEAVBE Aerospace sees Q1 EPS about 72c, consensus 72c
Sees Q1 revenue up approximately 8%.
05:44 EDTBEAVBE Aerospace reports Q4 adjusted EPS 57c, consensus 70c
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